Suhail Star News

ASRY Up 7% in 3Q

Following on from the earlier success of the first half of this year, Bahrain’s ASRY, has turned in a successful third quarter series of results with an increase in business and sales, which were up some 7% on the previous quarter. In all some 28 vessels were in the yard for repairs and refurbishment, with 30 percent being in the tanker class with the majority being ULCCs and VLCCs. The yard was also kept extremely busy with other classes of vessels ranging from lpg carriers, livestock carriers through to RoRos, dredgers and general cargo. During this third quarter over a hundred specifications were received from owners around the world with a contact award success rate of 26%.